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Wal-Mart Is Blowing It in This Huge Emerging Market

February 17, 2016

Walmart Reports Drop In Quarterly ProfitsWalmart Reports Drop In Quarterly Profits
A Walmart store in Miami, Florida.Photograph by Joe Raedle — Getty Images
When Wal-Mart Stores Inc. first expanded into Brazil’s midwestern farm-belt city of Campo Grande seven years ago, the economy was booming and executives were eager to open stores even in sub-prime locations on one-way streets heading out of town.